Current status of the cryptocurrency circle!
1. Retail investors can’t hold on
In the cryptocurrency circle now, retail investors’ patience is almost worn out, and there is not much big money coming in.
2. The US has raised interest rates 11 times and still hasn’t reached the target.
Because the US has raised interest rates and has tightened regulation, big money used to flow in and out of US banks, but now it’s basically gone. In addition, the overall economy is not good now, and the wallets of those institutions are not bulging.
3. Domestic regulation is tight, and it’s difficult for project parties to be human. In our country, the supervision is still as strict, and project parties have to be cautious for fear of making mistakes.
4. Domestic innovation is not enough, and it’s difficult for retail investors to make money. In the cryptocurrency circle, there are not many new things, and most of them are just sold in a different shell. Retail investors still have to rely on opportunities on the chain to make money, but the funds are not enough, and the money earned is not stable, so it’s difficult for everyone to work together.
5. If you want to change, you have to rely on external forces
If you want to change this situation, you have to hope that the US will be more relaxed and put out more money. Hong Kong also needs to really open up its policies to make it easier for institutional money to come in. Also, ETH's transaction fees need to be lowered so that everyone will be more willing to play.
6. It was difficult last year, and it's even harder this year. Last year was hard enough, but I didn't expect it to be even harder this year. Whether retail investors tried to grab airdrops or buy some niche coins, they all lost a lot. Even if they bought spot coins, their assets shrank by more than half. It seems that we have to wait for the Americans to cut interest rates before the market can heat up again.
7. Be optimistic about the future, but be confident
Speaking of the future, the cryptocurrency circle still has its bull and bear cycles. I think the fourth quarter may be an opportunity. If we can grasp it, it will basically be stable. The rest depends on whether everyone has enough confidence in the cryptocurrency circle
